McDonald's Corporation agreed on the Master Franchise Agreement with Guy Hands. Mr. Hands will become the Development Licensee (DL) for the Nordic markets. The deal is expected to close around the end of first quarter of 2017. Under the DL structure, McDonald's plans to transfer its ownership interest in McDonald's Norway, Finland, Denmark and Sweden and grant a license to the DL to develop and operate the McDonald's restaurants in these markets. The DL partner will provide the capital necessary to support and grow the business.